BT vital signs

The BT 50 index

Moderating global growth

The slowdown in global growth is expected to continue through the second half of 2008, with only a gradual recovery during 2009, says a recent IMF report. The global growth is projected to moderate from 5 per cent in 2007 to 4.1 per cent in 2008 and 3.9 per cent in 2009. India has received some solace, with the agency marginally revising its projections for economic growth to 8 per cent in 2008 from its earlier estimates of 7.9 per cent.